Brown & Brown of Kentucky, a subsidiary of Brown & Brown, has acquired substantially all of the assets of AIS and AIS Benefit Concepts, a joint venture between AIS and Benefit Concepts & Communications. Both AIS and AIS Benefit Concepts are located in Louisville, Kentucky.
AIS and AIS Benefit Concepts, with annualized revenues of approximately $4.9m, provide a full range of insurance products and services to businesses and individuals throughout the greater Louisville metropolitan area.
According to the Brown & Brown, the employees and operations of AIS and AIS Benefit Concepts will remain at their current location in Louisville, and Brown & Brown of Kentucky’s existing Louisville office, currently under the leadership of Kelly Hagan, will move into and combine with the operations of AIS and AIS Benefit Concepts.
David Walker, CEO of AIS, will serve as the profit center leader of the combined operations.
Brown & Brown regional president and chief acquisitions officer Scott Penny said that AIS and AIS Benefit Concepts have built their agencies on a foundation of close business relationships and quality service.
"With their close ties to the Louisville community and depth of insurance experience, they make an excellent addition to our Kentucky operations and are perfectly positioned to lead our growth in Louisville and throughout the Bluegrass State," Penny said.
Walker said this transaction will allow AIS to provide clients with the same level of personalized service while exposing them to new resources and benefits.
Brown & Brown, through its subsidiaries, offers a range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.